BOCA RATON, Fla., Sept. 27, 2012 /PRNewswire/ — Gold Coast Mining Corp. (OTC: GDSM) (“Gold Coast” or the “Company”) announced today that the Company has executed the Letter of Interest (“LOI”) to pursue a merger with International Gold Mining Reserve Corp. (“IGMR”). As previously announced, the Company received an unsolicited LOI from IGMR for a potential merger between the two companies combining properties, resources and management.

After initial due diligence review of the resources the merger with IGMR would bring, management felt it was in the Company’s best interest to pursue this merger. The synergies, resources and key mining relationships that IGMR has to offer to Gold Coast is the right fit for the Company’s goals for the future.

With the execution by both parties of the LOI, the first meeting between the two companies has been scheduled for next Tuesday, October 2nd in Orlando, Florida. The purpose of this first meeting is to lay the groundwork for the final Definitive Agreement. As a result of the current environment in the precious metals space, the companies have agreed to move through this process as expeditiously as possible.

Marc Lovito, President of Gold Coast Mining Corp., stated “We have taken the initial steps necessary to pursue this merger with IGMR. At the same time, we remain fully committed to our current partners and investors. We view this opportunity as a chance to further enhance these relationships through the added synergies and resources IGMR management is capable of adding to this combination.”

ABOUT INTERNATIONAL GOLD MINING RESERVE: IGMR is a private venture owning approximately 960 acres which includes 48 lode claims in the historic Shoshone Mining District. The historic Shoshone Mining District was in operation until 1957 by Anaconda Copper Mining Company with reported production of 3,300,000 oz/Ag, 52,800 oz/Au, as well as significant copper, lead and zinc ore.

Learn more about IGMR’s 48 lode claims: www.igmrgold.com

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mining exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

CONTACT

Gold Coast Mining Corp.
Marc Lovito, President
Phone: 800-291-9321
Email: marclovito@goldcoastmining.com

International Gold Mining Reserve Corp.
Steven A. Ragan, COO
Phone: 678-894-7997
Email: sragan@igmrgold.com

SOURCE Gold Coast Mining Corp.